Other Intangible Assets
Found 3 free book(s)U.S. GAAP vs. IFRS: Impairment of long-lived assets
rsmus.comcarrying amounts of other assets in the CGU are then reduced, on a pro-rata basis (subject to certain exceptions). Reversal of impairment loss Prohibited. Prohibited. Impairment of indefinite-lived intangible assets U.S. GAAP IFRS Relevant guidance ASC 350 IAS 36 Unit of account In general, the unit of account is an individual asset. However, in
Impairment testing of long-lived assets to be held and used
rsmus.comguidance include property and equipment, assets acquired under capital leases, long-term prepaid assets and finite-lived intangible assets. This white paper is intended to address the guidance for testing these long-lived assets for impairment and certain issues that have arisen in …
Part I § 704; 1.704-1; 1.704-3.) Rev. Rul. 2004-49 ISSUE
www.irs.govintangible if the intangible was an amortizable section 197 intangible in the hands of the contributing partner (unless § 1.197-2(h)(10) causes the intangible to cease to be an amortizable section 197 intangible in the hands of the partnership). Section 1.197-2(h)(12)(vii)(B) provides that, if a section 197(f)(9) intangible was